After a bruising legal battle to develop their land in Manheim Township, Lancaster County, the Hurst family has sold it to another developer.The family, which
Adam Maust poured millions of dollars over the last four years into the Atlas Building, an edifice in Uptown Harrisburg that had fallen into disrepair by the time Maust bought it in 2020.He is now passing the torch to a new owner, a Harrisburg-based nonprofit called the Pennsylvania Social Equity Land Trust, which paid $14.5 million […]
The founders of Inch & Co. are looking to raise $20 million from investors interested in backing the York-area company’s forays in multifamily housing.For the last 15 years, the company has leaned on its own resources, buttressed by capital from friends and family, said Jeff Inch, a co-founder and co-owner of Inch & Co.“Now it’s time […]
A new twist is complicating the bankruptcy case of Uptown Partners LP, the Maryland-based owner of Governor’s Square apartment complex in Uptown Harrisburg. The company managing the affordable-housing complex, Landex Management LLC, is asking the court to void its contract with Uptown Partners, arguing that the owner is not providing enough resources to manage the beleaguered property effectively.Uptown, […]
A buyer with a growing portfolio of Pennsylvania shopping centers has added another one.A partnership led by Leo Ullman of New York-based retail developer Vastgood Properties paid $6.63 million at the end of April for Shippensburg Marketplace, according to Brad Rohrbaugh, executive vice president and retail director for York-based Bennett Williams Commercial.Rohrbaugh and Bennett Williams […]
The potential buyers of a Lancaster County-based tiny-homes company are taking a new tack.Chase Packaging Corp., a New Jersey-based shell company, had been planning to take Tiny Estates LLC and two related entities public through a merger.The companies are led by CEO Abby Shank, a former KPMG auditor who started a tiny-home community outside Elizabethtown in 2018.But the two sides […]
When Penn Center Harrisburg hit the market in summer 2022, the asking price for the three-building complex was $22 million. The half-vacant property in the 2600 block of North Third Street ended up selling for $1.45 million late last month following the bankruptcy of its owner, Penn Center Harrisburg LP. The buyer is an affiliate of Pennmark, a Philadelphia-area […]
Over the last few weeks, real estate agents have begun bracing for the end of a common practice in home sales.It’s not the 6% commission, which agents argue is something of a misconception. It is the ability to signal that a homebuyer’s agent will be paid from the proceeds of a sale along with the […]
It could be another four weeks before a bankruptcy court decides the fate of the beleaguered Governor’s Square apartment complex in uptown Harrisburg.The court had been scheduled to hold a hearing April 2 on a proposed sale of the 222-unit complex But the hearing has now been moved to April 30 at the request of the property’s […]
A regional nonprofit is poised to spin off its senior-living operations to a larger peer based in Missouri.Topton-based Diakon, which has a finance and support center in Middletown, has agreed to merge its senior-living subsidiary into St. Louis-based Lutheran Senior Services. Terms of the transaction, expected to close this summer, were not disclosed. “This was a strategic […]
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